Cybercrime and cyberwar are quickly securing top spots on the list of major national and economic security concerns of countries such as the US. In early December 2019, Pensacola in the US state of Florida was hit by a cyberattack that impacted online payments, 311 customer service, and phones and emails. City officials are not sure whether the cyber incident has any relation with the Naval Air Station Pensacola shooting. Recently, the US Department of Defense announced that it expects the inclusion of cybersecurity requirements for new defense contracts by 2020. US Under Secretary of Defense for Acquisition and Sustainment, Ellen Lord said that cybersecurity threat or cyberwar is not only an economic security issue but also a national security issue for the US.
Cyberattacks are becoming more targeted and intelligent. Threat actors behind wilder cyber incidents today are observed to target financial, telecommunication, and other important infrastructures. In December 2019, it was reported that Iran defused a mighty cyberattack on unspecified electronic infrastructure. It’s not just the notorious non-governmental hacking agencies that enterprises and government departments need to keep a watch on but also state-sponsored hackers that can wreak havoc on a country’s defense and security and even economic systems.
Top 3 Focuses of Cybersecurity Companies: Experienced Experts, Automation, and Real-time Solutions
The importance of hiring experienced staff who have already been exposed to handling major cyber incidents is expected to increase in the cybersecurity industry. In December 2019, news broke out that Google Cloud hired a former chief cybersecurity official of the US Department of Homeland Security. Secondly, cybersecurity service providers are anticipated to improve the automation of cyberattack response and detection.
One of the concerns that enterprises using cybersecurity services have is the lack of capacity or professionals to proactively use the increasing number of cybersecurity tools deployed. Moreover, some of them are spending more time on managing the high number of cybersecurity solutions they use than effectively dealing with cyberattacks. In this case, selecting the right and most effective cybersecurity technologies plays a very important role, not to forget the cybersecurity intelligence required for this purpose.
Private businesses and government organizations are also expected to make investments in real-time network-level cybersecurity solutions in the coming years. In December 2019, Ordr raised around $27 million to strengthen its position as an accessible and innovative proactive protection solution the hyper-connected enterprise, securing and regulating all classes of network-connected device.
Cybersecurity is certainly the need of the time with increasing across-the-border tensions, terrorism, and of course, the rising threat of improved, targeted cyberattacks.
December 13, 2019
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